I need help, in huge debt and about to give up on college

[BrahamCracker]

I'm trying to convince myself to go back to school today and try to figure it out, but I cant get energy or motivation. All I want to do is lie down and watch tv, i can't stop being so negative. I am bi polar, no medicine because i can't afford it. I think about all the loans i piled up and all the bills i have to pay now (rent, car keeps braking down, electric/gas). I get overwhelmed and think how will i ever be free again.

Everyone says college is better, but look at my 50 plus k in debt. I think about it and just want to end my life. I just don't know what to do anymore. I quit all the benzo's years ago after i overdosed and haven't touched them, but i need a stress reliever. All i do is think all day long about how much debt ive piled up.

The worst is ive been out of college for over 6 months and starting to get the calls for loans. Ive been ignoring them because i'm too afraid of what they will say. I know if i went back to school i could delay them though. I'm just sick of all of this and idk what to do anymore i need some advice. I can;t take it anymore.

 

[Snarky91]

Your situation is relatively common, so don't fret over what's already done. What's your major and how many credits left toward completion? What's the added cost to finish your program?

If you have a shitty major that won't aid you much in the labor market, maybe you should change your major. If your major is a relative asset in industry, then think about completing the current course you're on. If you're in an untenable academic situation, where it would do no good to incur more student loans for whatever reason, think about delaying classes or skipping them altogether. As for the existing student loans, consider different options for repayment based on whether the loan is issued by the government or a private institution. Hopefully it's a government loan and you can look at things like deferment, payment postponement, and modified payment plans.

 

[cj]

Man I know when I had some debts hanging over my head those assholes calling would totally ruin my day. I ignored them for a long time and it just got worse and worse it was just the uncertanty of it all. Finally I just called the people back and set up a payment plan it sucks but I do feel better knowing that it is getting resolved and isnt totally destroying my credit.

 

[Asclepius]

^good advice!

BC, am so sorry to hear your under so much pressure atm. I cant offer any practical advice other than to tell you to get as much backing and support from any free Guidance councellors, Debt management agencies and support services. As well as regular Docs/Mental Health Org's etc(as they may be able to mediate or offer references to support you with tackling debt related issues and dealing with those people)...just a suggestion.

Having problems myself with getting College finance's sorted. It is exhausting dealing with this; especially just being frozen by the fear of not being secure in how to manage, what seems to be, an unmanageable situation .
I think in order to deal with the crippling emotional effect it's incurring on you, its imperative that you seek assistance and not be on your own with this and getting help with organising some kind of system for re-payment(as well as finding what direction your degree is taking you in, practicality wise, for the future)- This is thee major priority here, since this inertia is just increasing your anxiety. Personally, I find reaching out to objective third parties for support in managing finances etc and having that back-up can help alot. They may assist you in dealing with other institutions that may be daunting to deal with. I know some people will shut doors in your face but it's worth it when you do come across those that can lend genuine, practical guidance.

I cant give you any links unfortunately, as Im not in your area but I do think putting any energy you have into helping yourself get support in managing what to do, in the most effecient way, will ease the stress of this situation somewhat and make it easier to tackle.

Nothing is insurmountable, even if it feels this way atm. I hope you do get some help with this man. Let us know if you get any decent support/direction for the situation, yeah?